Abbreviated Company Accounts - GLEESON PROJECTS LIMITED
Abbreviated Company Accounts - GLEESON PROJECTS LIMITED
Registered Number 06583857
GLEESON PROJECTS LIMITED
Abbreviated Accounts
31 May 2016
GLEESON PROJECTS LIMITED Registered Number 06583857
Abbreviated Balance Sheet as at 31 May 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
GLEESON PROJECTS LIMITED Registered Number 06583857
Notes to the Abbreviated Accounts for the period ended 31 May 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.
Tangible assets depreciation policy
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Office Equipment Straight line over four years
Computers Straight line over three years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
£ | |
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Cost | |
At 1 June 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 May 2016 |
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Depreciation | |
At 1 June 2015 |
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Charge for the year |
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On disposals |
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At 31 May 2016 |
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Net book values | |
At 31 May 2016 | 35 |
At 31 May 2015 | 350 |
3Transactions with directors
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 June 2015: | ||
Advances or credits made: | £ |
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Advances or credits repaid: | ||
Balance at 31 May 2016: | £ |